ConocoPhillips Shares Rise 1.36% on North Sea Tech Pact as $0.69 Billion Volume Ranks 167th

On August 13, 2025, ConocoPhillips (COP) rose 1.36% with a trading volume of $0.69 billion, ranking 167th in market activity. The stock's movement followed a significant contract development in its offshore operations. ConocoPhillips Skandinavia AS secured a five-year agreement with Halliburton to deliver well stimulation services in the North Sea. The deal includes optional three-year extensions and involves upgrading the Tidewater-owned vessel North Pomor with advanced technologies such as Halliburton’s Octiv® digital fracturing systems. This transformation aims to enhance operational efficiency and reservoir productivity in the region.

Mark Dawson, Halliburton’s senior vice president, emphasized the strategic importance of the partnership, noting the integration of automation and safety measures to maximize customer value. The contract underscores Halliburton’s expertise in complex offshore environments and strengthens its collaboration with ConocoPhillips. The expanded use of digital tools and vessel modernization aligns with broader industry trends toward optimizing energy extraction processes.

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